USDA Weekly Export Sales

13/01/11 -- USDA weekly export sales for the period December 31-January 6 were very disappointing for wheat compared with trade expectations, although corn and soybean sales were in line with trade ideas.

Soybean sales were split 495,000 MT old crop and 180,000 MT new crop. China took 217,400 MT of the old crop and all of the new crop. Corn sales included 68,300 MT of new crop.

Wheat sales were down 68 percent from the previous week and 75 percent from the prior 4-week average. Egypt took 64,300 MT.























Product
Actual
Forecast
Soybeans
675,000 MT
600 - 700 TMT
Wheat
175,200 MT
400 - 500 TMT
Corn
507,500 MT
450 - 650 TMT